Once a start-up darling, the agritech firm, hit by fraud allegations, is cutting over 1,000 jobs. Read more at ...

EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected ...

An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...

In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...

"This could have a chilling effect for, conservatively, 12 months, but probably longer," Justin Hall of Golden Gate Ventures ...

The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...

INVESTORS in Indonesian unicorn eFishery must have felt their hearts sink with the revelation that the declared revenue and ...

Indonesian startup eFishery’s shareholders have appointed business advisory firm FTI Consulting to take over as acting ...

Indonesian aquaculture tech startup, eFishery, said on Tuesday that it has appointed business advisory firm FTI Consulting to ...

EFishery, which deploys feeders to fish and shrimp farmers in Indonesia, was a darling of the nation’s startup scene and scored a valuation of $1.4 billion when G42, an AI firm controlled by ...

Indonesian agritech unicorn eFishery is under the scanner as an ongoing probe suggests that the company may have been committing misconduct, including fraud. Southeast Asia's startup ecosystem has ...

and upon reviewing the interim report from FTI consulting regarding the governance and financial conditions of eFishery Pte Ltd. ... and its subsidiaries ... the company has immediately taken ...